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'm jeff glor. it is the end of a holiday week, holit would appear congress is get getting started. tonight, the president said he es modestly optimistic about a deal to avoid the fiscal cliff, which would mean avoiding automatic tax increases and spending cuts come january 1. the president spoke to the nation this evening after an hourlong meeting with congressional leaders at the white house. democrat and republican leaders have agreed to extend jobless benefits and some tax increases. they appear to remain deadlocked on who exactly will pay those higher taxes. wo have two reports tonight, beginning with major garrett at the white house. major, good evening. >> reporter: good evening, jeff. two things are clear tonight arat were not clear this morning: progress is real, and if a deal is reached, it will be ir smaller than any of the key players envisioned only a couple weeks ago. is this deal, if it's to be reached, will not be the so- called grand bargain with trillions of dollars of deficit lionction. in fact, jeff, it's not even clear this deal-- again, if there is one-- would stop the
edition so unique. cities looking to make money by privatizing park and even airports. jeff flock has the story. jeff: i come to you from the giant parking garage at midway airport. it could be a multibillion dollar payday. is it a good idea or a bad idea? stay tuned. we will discuss. ♪ lori: the mayor of chicago renewing efforts to privatize the city's second largest airport. david: the proposal comes after a proposal from his predecessor. jeff flock is live at the airport. it is one of the most exciting airports in america. jeff: it is exciting because when you take off, you kind of look into the houses of various people. it is right in the center of a residential area. i am in a parking garage. this is one of the areas that they are hoping to privatize. you know, this shows off a lot of cash. they will privatize the whole airport, though. midway used to be the nation's busiest airport, believe it or not. now, just three big airlines fly out of here. southwest, frontier and delta. it still goes off a lot of cash. very attractive to private industry that would come in but they woul
himself with it. captioning funded by cbs >>> welcome to "cbs this morning." i'm jeff glor with rebecca jarvis. huge winter storm is making its final stop in the northeast, after causing damage and travel problems coast to coast. >> more than 35 states have felt the power of the storm since it first hit california sunday. it's now blamed for at least 12 deaths, along with the snow it caused more than 40 tornadoes in the deep south, starting on christmas day, and this morning, northern areas of pennsylvania new york and new england have one to two feet of snow on the ground. nearly 500,000 utility customers have lost power. melina shop row is in new york. >> reporter: as the snow continues to fall authorities are urging motorists stay off of the roads. with about a foot of snow already on the ground we're seeing how big and powerful this snowstorm has been. from california to new york the fast-moving storm system that began over the weekend completed its cross-country trek in the northeast, enveloping state after state and heavy snow. >> that's pretty rough. the wet sno
about my good friend, senator jeff bingaman. i think most of the people on his committee feel that he's a good friend. he's been a good friend and mentor to me here in the senate in the years that i've been here, and then also when i arrived in the house we worked with each other. he's been a very good public servant for new mexico and for the united states. and he truly can wear that united states senator proudly. my dad always used to remind me, he used to say -- he said don't forget. you go to represent new mexico, but he says you're a united states senator. and jeff bingaman has worn that title, i think, very, very proudly. jeff is a rare combination of character: brilliant and humble. for jeff, it's about the work. not about his own ego, not about a monument to himself. for three decades in the u.s. senate, he has been making a difference for the american people and for our home state of new mexico. public service is a noble profession when it isn't swamped by money and when it isn't held hostage to partisanship, and jeff is the best example i know of of nobility and politics. by
, but this time will be different? jeff flock live at midway airport with this story. jeff: it is funny. some guy wal walked up to me and said what are you doing, what is your story? to the top of the privatization of midway airport. another way for the city to lose money. the city just privatize the parking meters. $1.5 billion deal, 75 years, but the problem is this. they got all the money up front and the city spent all the money already, and now in the parking meters are out of order because they're tearing up the street they have to pay the company back. usually privatization does a better job of managing things like airports and the government tenders to do, but people in chicago are kind of wary about this. he wants to privatize midway airport. have a deal. ithey deal to do it for $2.5 billion. airports are huge generators of cash. the parking concessions, food and beverage concessions, rental car rentals, the places that do that tends to be a big cash generator. companies like to get in on that, i like to do it more efficiently. but here's the problem. don't get the money up front and spe
accident? kind of a black box tore cars? it cosave money and lives but what about privacy issues? jeff flock has the story. he is live from the streets of chicago. jeff? >> some people like the idea, david, some don't of the you're looking live, by the way, lakeshore drive headed to downtown chicago. we'll have both sides of this issue. it is complicated. stay tuned. it is very interesting and you may be getting a black box whether you like it or not. stay tuned. how do traders using technical analysis streamline their process? at fidelity, we do it by mging two tools into one. combining your customized arts with leadi-edge analysis tools from recognia so you can quickly spot key trends we like this idea so much that we've applied f a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovave reason serious investors are choosing fidelity. now get 200 free trades when you open an account. your soups are so awesomely delicious my husband and i can'stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... w
:00 and 11:00. good night ,, ,,,,,,,,,,,,,, >> jeff: tonight partisan wrangling over the fiscal cliff. >> i'm willing to get this done but i need a dance partner. >> i want to be clear that there is still serious differences between the two sides. >> jeff: a divided congress reconvene for 11th hour negotiations. nancy cord cess on capitol hill. >> failure to act could force the economy back into recession. an uneasy wall street is much wag. >> another death today after the crash of a russian jetliner. barry peterson has the new video that captures the moment of impact. >> and icy rescue, carter evans shows us what happened when good samaritans in california headed for thin ice. >> give me the rope. >> now. captioning sponsored by cbs this is the "cbs evening
to privatize the cities i second biggest airport. jeff: this was the world's busiest airport from 1948 to 1961. now it is just three big airlines that call this home. southwest, frontier and delta. it is still a huge cash generator for the city. he famously had a deal to privatize the city's parking meters and the problem is, they took all the money they had and spent it already. mayor manuel is under some scrutiny. as i said, both are choosing to do so. the problem is, if you get that money up front and then you spend it, not such a hot deal. they had a $2.5 billion deal before. the problem is the financial downturn of 2008, 2009 hits. it is a possibility that this could all be done privately. it generates a lot of income for cities. the argument is private industry can do it better than public government can do it. dagen: jeff, thank you very much. happy holidays. merry christmas. jeff: thank you, dagen. dennis: "the hobbit" is becoming a trend in hollywood. it took in $36.7 million. the action thriller starring tom cruise debuts in second place "this is 40" is coming in at third. that is fo
: jeff immelt for the hour. next. >> rose: general electric is the nation's largest industrial company. it employs over 300,000 people around the world. it makes everything from aircraft engines to power plant turbines to medical imaging equipment. the company has evolved over the last decade over jeff immeant's watch. he has led a global expansion and shed once treasured businesses such as plastics and insurance. in 2011, president obama named him to lead the council on jobs and competitiveness. last month, the country created 146,000 jobs, exceeding expectations in the wake of hurricane sandy. further progress will be tested as the fiscal cliff deadline approaches without a deal inside yet. i'm very pleased to have jeff immelt back on this program. welcome >> charlie, thanks, good to be back with you. >> rose: we've talked many times about g.e. since you took over, i think once since -- just after 2001. where is the company today in terms of where do you want it to be and where do you want it to be in the next five years? >> i think, charlie, what we've tried to do is simplify the po
. taking a look at oil. something we do not like to see if you drive a car. jeff flock has a very latest on this. jeff: a slow day at the cme. this is the euro dollar option pits. though oil. is very active. let's put up wti to start with. up over two dollars, up over $90 right now. just short of two dollars. you think, oh, do they know something about the fiscal cliff? not that at all. it is actually action in the middle east. reports of military exercises have commenced. military exercises in there and later in the week more military exercises. brent is off as well. heating oils are up. everything is up. even on a slow day here at the cme in chicago. dagen: good to see you, jeff. jeff flock reporting. thank you. the pentagon planning to deal with half a trillion dollars in budget cuts thanks to the looming cliff. gun sales rising over concerns of tighter gun control laws. we can find some winners in the stock market. here are some of those on the s&p. ♪ she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a qu
. >> jeff? >> well, the reporters were not trained to work with people who have been through trauma and yes, we want the kids to talk about it as quickly as possible which is part of the debriefing, that trained police officers and mental health experts are doing but you can actually retraumatize the child if you are not asking the proper questions, so perhaps we need to pull back on that a little bit. >> it is interesting because the debate that emerged around us for us is on the one hand as you say, what feels wrong or what we may know is potentially re-traumatizing, but on the other hand not wanting to sanitize something this horrible, because in part, because this is, this is disgustingly horrible and if we make it just sort of the tears of adults then we miss what has happen happened here. >> i think that we have counter vailing values here. so that the press has a duty to get in there and try to figure out what happened. the police have a duty, and that doesn't always mean releasing everything that you heard in the press conference, melissa, and the families going through the mass mur
to, believe it or not, hurricane sandy. >> jeff flock has the story at the bureau in chicago. hi, jeff. >> indeed. two headlines. sandy one, and the other is fiscal cliff. starting to see the first impacts now in terms of considerations about fiscal cliff on the sales call today with ford keeping production up in the first quarter. they are bullish, increasing production by 11%, and gm holding off on sales forecasts because they are worried about the cliff. look at the numbers. as lori said, gm up 3%, ford up 6%, chrysler up, 30th consecutive month of increases for chrysler, toyota up 17%. gm did well with small cars, we're getting to the point in the country where cars are # getting so old, 11 years is the average age of a vehicle right now, and that is driving it as well. on the sandy front, as we look at the stock numbers, the folks at ford say we are 30,000 additional sales industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that rec
to digest it it was a phenomenal story. the intercontinental exchange was created only 12 years ago by jeff springer, a longtime executive in the energy industry. people don't realize energy is a commodity, commodities are traded in exchanges locking in costs. he came up with a system to forget about the pits of chicago where people ice-cream at each other or new york, the new york mercantile exchange, let's do electronically and he created this thing, the intercontinental exchange and what is great about this is it is something to be said for the stock exchange remaining independent but they are now part of an american company and an american entrepreneur created $10 billion of wealth, that is what the market cap was before the deal and when you buy something your stock usually goes down a little bit, created $10 billion worth of wealth of market cap in ten years, something to be proud of and buying the stock exchange. not selling for the germans. [talking over each other] >> regulators time it. charlie: regulators in europe, eyes and nasdaq attempt over the stock exchange on antitrust gro
? in his latest column, jeff goldfor a compares u.s. budget talks to merger proxy battles. jeff joins us to explain about that. plus, we have bob from jones day who specializes in wall street deal making. jeff, it is ammo on wall street to do things behind closed doors. you don't want word to get out on the negotiations. it gets too messy. >> right. i wouldn't advocate for a lot of people to do what wall street does. one thing you can say is they've helped facilitate thousands of mna deals this year. they've figured something out with these transactions. the deals that are most successful have the better chance of success are the ones that you negotiate behind closed doors, not the ones that turn into hostile battles and spill out into public, which is what we're seeing noup. >> i understand that, but at the same time, what wh are we going to have a deal already? people are so frustrated by this. we've had 13 months to think about. now we're down to 26 days. bob, can you really make a deal on the fiscal cliff when the negotiation is out in public? do you think we'll get a deal done? that
lined up in oakland to trade their guns for cash. kron4's jeff pierce has the details. >> one hundred and twenty one, one hundred and twenty two, one hundred and twenty three, one hundred and twenty four. >>reporter: olois simmons of youth uprising counted the cars waiting to turn in guns for cash saturday afternoon in oakland. nearly two hundred cars with guns in their trunks waited hours for the hundred dollars for each gun for as many as three guns. it was one of the most succesful gun by back programs ever held in the city. >> one gun off the street is good but the whole back side of a paddy wagon is even better. >>reporter: that success was credited to youth uprising's ability to organize and promote the event beyond what a police department is able to achieve. >> we had young people as the voice of it we did out reach hand to hand in communities with community members reaching out to each other, you get a drastically different outcome then when you have the police reaching out. >>reporter: the oakland police department was more than pleased to process and take possession of thos
wiil arrive and how much we could get this time. hello i'm jeff barnd. and i'm blast is only a few hours awaa . now.meterologist emily gracey has beenntracking the att of the latest winter storm and says some some neighborhoods could see several inches of snow. it only takes a couple oo inches of snow or ice to wreak &phaaoc on the roads. roods.janice park streaming live janice park the roads. roods.wreak havoc onn f snow only takes a inches of snow. it only takes a couple off inches of snow or ice to wreek havoc on ttee oads. roads.janice park streaming live along the j-f-x in north baltimooe tonight to tell us... us... how people are getting ready. yyu are taking a look at the 3 the state higgway admistration highly recommends thaa we all staa off the roads ttmorrow morning...bbt if for some reassn you are oot there....they ask that you never pass a snow plow...it's themmlive in nnrth baltimorr, jp fox45 ews late edition. 3 3 news late edition. 3 3 first on fox.... a college student trying to make ends meet deliverying pizzas says he wasspunished because he fought back during
. president, i rise today to honor my friend, illinois state senator jeff shoalberg on his more than two decades of service in the illinois state assembly. he was elected to the statehouse at the age of 30 was elected to the illinois senate in 2003 where he rows to the acres of serve being as assistant majority leader. more importantly, jeff schoenberg has been a dedicated public servant to his constituents in evanston and to the people of illinois. jeff sponsored a bill that would provide better access to quality health care and give consumers the opportunity to make better choices for their health. he also secured more than $5 billion in federal funds for safety net hospitals like mt. sinai, mercy and holy cross. jeff schoenberg supported the illinois safe zones act which paved the way for stem cell research and insisted on greater accountability and oversight at the illinois state toll highway thomplet a father of two, he was critical to the passage of a measure to allow schools to keep and administer epinephrine following the death of a 13-year-old girl who had an allergic reaction t
up to a foot and a half of snow. jeff berardelli has the details. >>> our big east coast storm will continue throughout the day today but gradually winding down as we go into the afternoon and evening. things have been improving from south to north throughout the day, but the coastal areas are still receiving very heavy rain but the emphasis for snow will be further inland especially upstate new york and northern interior new england and eventually maine is going to be getting in on the act as well. that's where the winter storm warnings are in effect. and a notice they are not in effect along the i-95 corridor. again, that's where we're expecting it to mostly be in the form of rain like it has been throughout most of the day. additional snow as we go through the next 24 hours. you could see 12 inches or more where some of those areas are in purple, but, again, along the coast, we're talking 1 inch or less and this time around, again, it looks like it's mainly going to be just rain. i'm david bernard for cbs news, miami. >>> at least six deaths are blamed on the storm system in
may be at least a decade behind in gdeveloping their own supplies. >>> my krchlcnbc colleague jeff cutmore live overseas. this is good news at least in the short term, right? >> absolutely, brian. and a very good morning to you. good to see you anchoring the program this morning. the u.s. has such a strong lead in this area. it's hard to see how companies trying to find this shale gas elsewhere around the world are going to have the same kind of success. we've seen millions of wells drilled in the united states. we're just seeing in countries like poland pioneering one or two initial wells being drilled by companies like chevron. so the potential is out there. it's just going to take a whole lot longer to get it out of the ground and to the consumer. and a couple of real issues here. one is yes, we're way behind in terms of the program. i mean, countries like china may have the same reserves of gas as the u.s. has. but it's just going to take a whole lot longer getting to them. and the second one is a lot of these countries don't have the same distribution infrastructure in place u
to figure out what led to this massacre. jeff glor is in newtown, connecticut, where two young victims were laid to rest on monday. jeff, good morning. >> reporter: nor agood morning to you. we are one week away from christm christmas. here in connecticut, it will be a week full of funerals for the victims of friday's shooting. in connecticut on monday, the first two funerals were held for the victims of friday's shooting. 6-year-old noah pozner and 6-year-old jack pinto. the state's governor and lieutenant governor each attended one of the services. >> you try to feel their pain but you can't. you try to find some words that you hope will be adequate, knowing that they'll be inadequate. and you see little coffins, and your heart has to ache. >> reporter: that heartache will continue over the coming days as more funerals take place and as the holidays approach. in the middle of town here, an ever-growing memorial has become a site for those who want to pay their respects. >> because i'm a dad of four beautiful children, four daughters. when i found out, it broke my heart. and it's hard to s
're standing by there at the white house. jeff goldberg, what is the chal inc. here for washington with -- to work with governors, to work with state and local officials who are now governor malloy is dealing with the emergency, but he is going to move very quickly to try to show some new leadership here. >> well, you know, there has to be -- the sides in this are so polarized. you have a gun lobby that doesn't want any regulation whatsoever, any background checking whatsoever. 40% of all guns sold in this country legally are sold without background checks, so there's -- people call this the loophole, but it's bigger than a loophole. that's one area. one of the other issues -- this is why the conversation always goes off the rails -- is that people in the anti-gun side of things tend to demonize the legal gun owners and treat them as barbarians instead of people that they have to have a dialogue with, so you have -- brady campaign is in the middle. they've done a good job in my coverage of nondemonizing people who own guns and believe even in the right of self-defense. >> to that p
in washington. raymond james says he's expecting the santa claus rally. jeff is with me now also dean from barclay's, peter anderson and our own rick santelli. jeff, how can this market rally when there's still so much uncertainty out there? >> i am surprised the market held up as well as it did today, maria. it had every reason to be down four or 500 points. historically, the week after christmas it's up about 70% of the time with a little over a percent gain. and i think you're going to see that after tax selling gets over as of today. and in terms of the selling that we are seeing already, do you think it's partly because people are expecting capital gains and dividend taxes to go up regardless? >> yeah, i think that's right. there's still a chance for a solution to the fiscal cliff. washington tends to work on a last-minute basis. the fact that the republicans couldn't even get together and chose some kind of solidarity even though they knew the plan b wouldn't go through is disturbing. >> dean mackey, how do you see 2013? >> the positive thing right now sthot consumer spending was pic
coverage, sheryl and mary ann, but we begin with our chief meteorologist jeff ranieri with the latest conditions from our weather center. >> the rainfall totals are unleel. that's what we'll see heading into the weekend's storm system, another round of had heavier rain and also gusty winds. right now most of the activity has pushed off to the south and also to the east so that's good news. some of our kreekz, rivers and streams are going to be able to relax at least a
to get coffee. >> thank you. >> next, speaker, please? >> hello, good evening commissioners, i am jeff hilgore and i am a resident here in san francisco. i have done a great deal of canvassing and political organizing here in the bay area and that involves a great deal of sidewalk street work and regardless of what the issue was whether it was a disaster relief charity or a homeless assistance, political, nobody wanted me in front of their business. there was not a competition, something that i tried to explain, to someone, looking for a monthly donation for a charity is not going to deter someone from going in and buying a piece of fruit. but it is very easy to understand why your business is not necessarily flourishing for whatever reason you start aiming at that is the reason and that is the reason. from what i understand, the permit requires, alteration and you are not allowed to be in the same spot the entire time. so this perceived threat is only going on for a max, from the graph that i saw two hours a day and several days a week and what we are talking about is one espresso mac
the conditions are terrible. >>> all right, let's bring bring in jeff for the weather, what is the latest on the storms? >> it's in the earn part of the country. we're expecting the severe weather threat to shift to the east today. i want to punch this full so you can see it. that's where the shrms are, on the northern and western side of this storm we have a raging blizzard. we're expecting almost a foot of snow there, and snow is now moving into northern parts of virginia. >> what about into the rest of the week? >> this storm will start to translate northeast ward and will be a headache for most of the earn half of the country. first things first, let's talk about the severe weather today. today, it's in earn parts of georgia, north carolina south carolina, and there is a moderate risk for severe weather. that means we could see tornadoes in this area once again. as far as snowfall that strip of blew is between six and 12 inches of snow but it's towards upstate new york with lake enhanced snow one to two feet of snow wind gusts up to 40 miles per hour and a huge
what led to this massacre.acre. jeff gore is inlor is in newtown, connecticut, where two victims were laid to rest monday morning. >> reporter: good morning to you and good morning to your viewers in the west.n connecticu one week this week will be full of funerals and wakes. friday's in connecticut on monday the first two funerals were held for the victims of friday's 6-year-old shooting, 6-year-old noah pozner 6- and 6-year-old jack pinto. the state's and lieutenant ed one of th governor each attended one of you try their services. >> you try to feel their pain but you can't. some you try to find some words that you hope will be adequate knowing they'll be inadequate see and you see little coffins and your heart has to ache. >> reporte >> reporter: that heart ache will continue over the coming day days, as more funerals take place and as the holidays oach. approach.iddle in the middle of town here an ev ever growing memorial has become who a site for those who want to pay their respects of >> because i'm a dad of four en four beautiful children, four daug daughters
. let's go to sky chopper 13. captain jeff long is on the scene with more. >> good evening. this could be a good sign. steel plates going down over the hole where they have been working on this water main break struck by contractors earlier. and 2600 homes and businesses are currently being affected with a loss of water right now in this area. now, the boundaries -- this is in east baltimore. east baltimore street to the north. marek boulevard to the east. delville to the south and quentin on the west side. and for a couple hours they should be affected. reporting live from chopper 13, captain jeff long. back to you. >> thank you. we will bring you more information as it becomes available. >>> after weeks of deadlock, there are signs of fiscal cliff deal may finally be getting close. danielle nottingham reports for wjz with more on president obama's latest counteroffer to prevent year end tax hikes for middle class americans. >> house speaker john boehner met with fellow republicans this morning to discuss president obama's fiscal cliff proposal. the speaker also began work on a so-cal
to squawk on the street, joined by jeff sprerk, ceo of intercontinental exchange and duncan niederauer, ceo of the new york stock exchange. a cash and stock deal worth roughly $33, a bit more now, per new york stock exchange shares, given ice shares are actually up. gentlemen, nice to have you here on the floor. duncan, let me start with you. >> sure. >> my understanding is mr. sprecher approached you a number of months ago, conversations began. when he approach ready you at the time, give pun the previous history where you have been part of the potential hostile for the new york exchange, why did you say, all right, i will talk to this guy and what were you thinking when the approach was made? >> a lot of questions in there first of all, we have known each other for a long time. we like each other and i think our attitude is business first, right? so it was business last year. i understood why jeff was doing what was doing. he understood what we were trying to do we have been friends, we stayed friends and if we put our shareholder value creation hats on, this was an easy discussion to hav
ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a trip to a daimler truck factory in redford, michigan. this is what he said. >> this so-called right to work law, they don't have to do with economics, everything to do with politics. what they are really talking about is giving you the right to work for less money. >> alison kosik. >> what's the latest on the protests? >> protestsers starting to gather behind me. signs in hand, even the infl
on fire. there have been no injuries reported but it is leaving the automaker with a black eye. jeff flock in chicago with the details you need to know. jeff: level vehicle has caught fire in a couple cases. at least a dozen fires, ford a skate and ford fusion, the focus, not so much the vehicle but the engine, the 1.6 ego boost engine. most of the recalls have been of the escape. that is a huge car for ford, and they unveiled it at the l.a. auto show. it is the second best seller of any car, the ford f-series truck, sold 20,000 escapes last month that 73,000 have been recalled. here is the scary part. it is an important engine but in addition to if your hot engine llght comes on, you pull over and get out of the vehicle the scary part for the company is they do not have a fix for of this. they're giving anyone who brings their car in for the recall a freeloader but at this point they do not know what the problem is. ford stock down today and gm's stock down on reports of bigger inventories of the gm trucks than they thought so not a good day for the automakers but a particularly bad day f
means the box office ahead. cheryl: jeff flock takes a look at how the fiscal cliff is threatening one business. >> the businesses that fix your cars, bake your bread, do all the other stuff in life. is fixing the fiscal cliff easier than fixing an automotive transmission? that and more when we come back. stay tuned. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. dennis: time warner stock pumping up today. one reason could be the pointy eared superstar, "the hobbit." setting an all-time high for a film opening in december. time warner, this geek fest opens to almost as much money as the four films took in combined. it has done even better in china, $84 million in china alone versus 70 million in the u.s. so far. lastly there is this, watch out, espn. fox sports may be coming after you. espn worth more than $40 billion. now the "wall street journal" is reporting fox is looking at setting
. jeff flock is in chicago with more. hey, jeff. >> i think it is, sandy and we all thought it was going to be. now barclays and as well as ford said they think about 30,000 new vehicles more than normal were purchased as a result of hurricane sandy did. trashed a lot of cars out there. that is just the way it goes. some of course did better than others. here's the deal. there is a lot of reasons to buy a car right now. interest rates low. credit much more available. new technology out there sparking people to, you know, to buy new cars that have the new technology the old cars didn't. and the average age of a car right now, even ones that aren't underwater, 11 years old. so there you go. who were the big winners? well the fiat 500. look at brand that did particularly well. fiat 500. the sales of that brand were up 123% this past month. honda was up 39%. cadillac up 30%. wv as a brand up 29%. who was up not as much? gm was up 3% but chevy brand was unchanged for the month. jeep brand was down 3% even though chrysler overall the group sales were up 15%. lincoln despite the fact ford was u
in this economy on the vital few, the jeff bezoses, steve jobs, fred smiths of fedex. those are top earners people willing to take a risk on a new idea and on a new company that improves our lives and employs this. why would republicans vote for something that takes aim at the most productive? it would not be good for the economy. again it would be a very large tags increase precisely because the top earners pay vast majority of federal revenues. ashley: talking about the voters, people of this country, there is some interesting messages. we have president obama reelected. but then republicans hang onto the house. what kind of message does that send to the law makers? >> i think that sends a very clear message that the voters basically said we want divided government. we'll let president obama have a second term but we want the republicans who control the house and that's where tax, tax legislation originates, to basically hold the line on taxes. so i feel like the elector rate made it clear that republicans you're job to protect us from economy-strangling tags increases. this is very quick path f
for little jeff pinto, captured much of the sadness in this community. reading, you were my best friend. we had fun together. i will miss you. live in sandy hook, mark greenblatt, back to you. >> mark, the governor of connecticut has announced plans for friday to mark one week since the shooting. anymore details about those plans? >> reporter: yeah. there's going to be a moment of silence, the connecticut governor, has declared, statewide throughout connecticut, at the time the shooting took place. it will be a sad moment but an important one for this community. >> mark greenblatt, live for us in newtown, thank you. >>> the nra has planned a news conference for friday, to outline what it calls meaningful contributions to the gun control debate. the gun rights group had remained silence on the issue until now. meanwhile, the white house says president obama favors reinstatement of a ban against assault rifles. >>> also, the company that makes the assault rifle used in that shooting is bracing for possible lawsuits. but bushmaster's parent company may be protected by a controversial law passe
next. jeff glor in for scott pelley tonight. >> remember, the latest news and weather are always on cbssf.com. captions by: caption colorado comments@captioncolorado.com >> glor: tonight, new doubts that a fiscal cliff deal can get done. the senate majority leader compares the house speaker to a dictator as the house says it will reconvene sunday. will they get back to talks? reports from nancy cordes and major garrett. we're also facing a dairy cliff. john blackstone on why milk may soon double in price. the drilling boom in colorado it's leaving towns flush with cash but what is it leaving behind? ben tracy is there. and dean reynolds on the men who create some of the most precious gifts. all retirees? >> all retirees. and they all get paid the same. >> reporter: nothing. >> nothing. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> glor: good evening, everyone.
, will begin taking calls. jeff cox, a classmate of the president, here is a quote, jeff cox talking, had the ability to project cool, it seemed to me, calm, almost nonchalant, part of the image, not just of him but generally in hawaii where in my mind there was some line between sophisticated the attachment and slacker or lazy, very exuded sophisticated detachments, he has his act together, understood how things worked all little better than the rest of us. >> host: 16 years old jeff cox is talking about his classmates, seeing characteristics of his presidency, that has not changed that much. the reason for that detachment, has to do with hawaii. there is that native hawaiian thing, no matter what else is going on, keep cool here. that is sort of the sensibility barry and his buddies who had his buddies what they call the true game which basically is basketball and smoking dope. just be cool. that is part of hawaii, part of barry's formative years and he has always had that nature. another aspect is more developed and related to politics which is in this country and all that racial dynam
. the white sox found a new third baseman at the winter meetings. 32- year- old jeff keppinger signed a three- year 12- million dollar deal. he's played for seven teams in his career, and hit .325 for tampa bay last year. keppinger does not strike out often and is a good in- fielder. the move means the sox will not sign free agent kevin youkilis, but g-m rick hahn says the team is not done making moves. the cubs have added depth in the outfield. nate schierholtz signed a one- year deal worth two- and- a quarter million dollars. he's a left- handed batter with a .270 career batting average. schierholtz is expected to be the primary right fielder, but could easily be moved by the trade deadline, since it's a short contract. that's a look at sports. your live illinois lottery drawing is next. lottery - pick three - 30-4-4. lottery - pick four - 5-6-3-5. [ horn honks ] [ male announcer ] you start your day... love you, too. ...thinking about what's important to you -- your family... ...the mortgage... the kids' college tuition. [ cellphone ringing ] but life insurance? [ h
constantly, i don't mind a little quiet sometimes backing off a little bit is the right thing to do. >> jeff capt. share will likely take over third base he played for tampa last year 8288 lifetime third hitter. the white sox still open tonight with more moves. we are not at the point where we feel we are done we are still in talks with a number of different to free agency and they hope to have additional moves in the late word tonight that the cubs have signed former giants more being said with nhl owners and players and in college football barry alvarez he left the badges records today he quickly wrapped his old conference. >> my first year as a head coach had the good fortune of having a very good football team we lost one game that year to michigan it was on a very bad officiating call i can say that now i was on that week. a long story. thank you that is the news for this wednesday night. atstppmwÑyzhñs?úxu@w÷[@?2g@<ñpmn@gévl,vpçtfmoxgç[úwo@óhs]ñu@'nñ@f@wp;í'ytéo@:@wzÑl[pñvvúopoú÷ñwxóññ@kñpóqñjxkñl wj?5wíeíntj@itÑh;óokñí>n =
's wrong. >> so, jeff what's the solution to this? >> well one solution is to change the rules and to change the way patents are designed. charlie, keep in mind these worlds were for a mechanical world. we're in a dynamic world now. maybe chang them for software because that is a business that changes much more quickly. >> and then jeff you know it sounds like this is really stifling innovation and it hurts small businesses. >> it does indeed. and keep in mind you know a company like microsoft has the lawyers and the millions or billions in some cases to defend these lawsuits. but when you're a small business man and you have to spend a million and a half dollars to potentially fight one of those these lawsuits for five or ten years, it can make or >>> all right, storm clouds moving in overnight and looks like it's going to dump around the bay area. we have seen heavy rainfall early on today as much as 4" in the mountains of the north bay. that sliding slowly to the south so it will pick up. rain heavy at times to go along with strong gusty winds. high
weeks ago. at the indian consulate in san francisco, there was a visual. kron 4 said jeff bush has that. these are the reactions from diplomatic officials. >> this incident is one of many that has been going on and we are here so that we can't let people know that violence against women is not ok. >> i thought i should be here because i feel so sad that this has happened. it is very shameful. >> india has tolerated the rape of women for so long that the police actually, they do not listen. >> the group presented a petition to the council with because they stated that more needs to be done to stop violence against women in india. >> he stated that a special commission has been established to investigate this horrible crime. >> efforts are being made to bring the guilty to justice. it >> despite the word from the consulate in san francisco for those who attend a visual stated that nothing will change in india. >> the time now is 7:21 a.m.. coming up on kron 4 news weekend. chicago has reached over 500 homicides this year. we will explain the rise in violence plus more national headlines w
in every new car. by september of 2014. jeff flock is in chicago with more. reporter: actually, we are rolling down the highway of chicago right now. looking for action as we take a live look outside the vehicles. this is an example of the obama administration on being able to get something passed through congress. they are going to spur congress and try to require the black boxes in every new vehicle. before you get set, there are multiple sides to the story. the insurance companies and the automakers -- the transportation department and the safety folks as well as law enforcement, they all like this idea. because believe it or not, when we get into auto crashes, we somehow misreport often what happened. we said we weren't going as fast as we were. we may say that we had her foot on the break when in fact we didn't. a lot of these groups think this is a good idea. of course, privacy advocates do not like it. they are concerned about what the government might do with the data, perhaps using it to track movement. that is not what these data recorders do right now. multiple sides to
fiscal cliff with jeff blake from arizona. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> welcome back to the "squawk on the street." i'm sharon epperson with the latest report from the energy department on oil supplies. could oil supplies in the past week, they rose by 843,000 barrels, 843,000 barrels, that was an increase where many analysts had been anticipating a decline. but it was not as big a build as what the american petroleum institute reported last evening. the gasoline supply numbers, definitely one that surprised many traders. an increase of 5 million barrels in the past week. gasoline supplies rose by 5 million barrels in the past week. and supplies rose by 3 million barrels in the past week. we are looking at prices coming off of their highs of the session. a big build across the board. that is l
, nearly twice the amount nation-wide. we are all over it. we begin with jeff in the windy city. >> from the heart of the business district downtown chicago is bracing for what is the first big concern step storm of the season. we thought make we would caught in get one but it is headed if us now the biggest population center in the midwest, take a look at the pictures at o'hare where already a mess ensued and tomorrow morning it is worse, already 1,000 flights, more than 1,000 flights, canceled nationwide and most of those already at o'hare. tomorrow morning, it will be awful with gusts of wind up to 50 or 60 miles per hour. i love that kind of weather but it will not be pretty. and what about christmas packages? ups' biggest shipping day of the year already today and that means tomorrow is also a huge day and right in the middle of the country where much of the packages go through is if a mess right now in the airports which are a mess. the package could be delayed. down chicago here right now and we have warm weather, reasonably warm for this time of the career but behind it with the
. but there are other toys, my director says, jeff and becky, they took their little ones along to the annual retailers association there to find out just what is hot this year. >>> the dream toys event is the uk's chance to showcase those products it hopes to make on to every child's wish list and with any luck, under their christmas tree. just as technology gradually consumes more of our wealth, toymakers are increasingly weaving it into a child's play experience, using touch screens, apps and built in technology. >> as technology becomes more prevalent in the home, children are instantly drawn to what parents have. the ipad is becoming a family purchase. >> but luckily, there are simpler openings out there driving the market. >> we have seen a lot of lovely toys today, haven't we, hannah? >> yeah. >> what is your favorite toy that you've seen here? >> the dollies. >> the dollies? >> parents will notice a lot of old favorites coming back with a money day twist. so is this a reflection of the bearish times we're living in or is it a wishful remembrance of christmas past? >> legos has always been a ret
, to drop it off nicely. david lee deserves not be the all-star game, jeff curry, penetrating, lee with authority. curry with 8 three's in this game. lee and curry fchbs with 27 points. curry finds coverage and perry with the long two. that was tenth assist and got the triple double they play lakers tonight. >> with under two minutes left. wildcats, three of his 12. tied it up at 67. stanford at an 18-point lead and he counters with his own. 11 seconds left, down last chance for northwestern, no! he couldn't get it to go. stanford hangs on 70-68 and 8-4 on the season. >> to the n.f.l., justin smith did more rehab on his injured elbow. 49ers is being nebulous as whether he'll be able to play. official injury report smith is questionable. he hasn't practiced at all this week. his streak of starts very in jeopardy. ricky will get the started and he says she ready. >> tampa bay, everybody knows -- to have him play or start. but that is the best part about it. >>> which will come first, the a's move to san jose or the real end of the world as predicted by the mayans? as a result, a's ow
term for president barack obama. senator jeff murphy will join us to explain why before the senate does anything, it has to reform the fill la buster. and we will look at this debate that has been prompted by the movie "zero dark 30" with professor, author, and emmy award winner. all that starts in just three minutes.
things like this don't happen? lisa belkin is a senior columnist at the huffington post and jeff is a clinical psychologist. hi. >> welcome to you both. >> good morning. >> this is one of those things where people -- this is the first real -- at least in a long time, debate about gun control because when you hear about all this stuff -- >> since columbine. >> people want to know what they can do. >> even columbine, it was more a discussion about bullying and government culture and video games. i think this is one parents can't hide from. there's nothing we can say that says that could never happen to me because. everybody -- so i think that may just make this the moment that we're actually going to have to do something. >> maybe some good can come from this. >> that's exactly what i'm seeing, but it is bringing up a lot of issues for parents who are dealing with teenagers who have mental illness and fly below the radar, who may not stay on medication. those parents are really frustrated because they're screaming and crying for help, and we're not able to deliver that with our men
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